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Metal Tech Execs Deny Paying Bribes To Win Steel Contracts

Law360, London (May 15, 2019, 7:20 PM BST) -- Three former Sarclad Ltd. executives accused of paying bribes to secure contracts with steel industry clients have maintained that commissions the metals technology provider paid on the contracts are being mischaracterized, a prosecutor for Britain's Serious Fraud Office told a jury Wednesday.

Sean Larkin of QEB Hollis Whiteman, representing the SFO, summed up the defense in a few sentences during the third day of the Southwark Crown Court trial, as the three defendants did not present an opening trial argument.

The defense will say that documents obtained by the prosecution have been misread, Larkin said, and "that any commission asked for...

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